Building Details:

This 100% occupied office building serves as a Social Security Administration field office with an Office of Disability Adjudication and Review (ODAR) and is leased to the General Services Administration which is funded by the United States government. Built in 2003 for the SSA, the lease renewed for 10 years through September 30, 2024 with 5 years of firm term through September 30, 2019. The first year cap rate is 9% and the overall average cap rate is 8.2%. This investment is available for sale individually or as part of a 3 government building portfolio located in the Southeast. Sales Info: ■ Commision split: 6.0% Location Description: Jasper is located on U.S. Highway 78, about 39 miles northwest of Birmingham, in the north central part of Alabama. Jasper is the county seat of Walker County with a population of 68,790. The property is 1/4 mile from the 350,000 square foot Jasper Mall, anchored by Belk, JC Penney and Kmart. Highlights: ■ US Social Social Security Administration ■ 10 year lease\5 years firm ■ 8.2% average proforma cap rate ■ Sold individually or part of a 3 GSA bldg. portfolio « show less

This 100% occupied office building serves as a Social Security Administration field office with an Office of Disability Adjudication and Review... show more »

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